1312 19th St Santa Monica, CA 90404

Active

$3,950,000

6 Units

16 Beds

13 Baths

8,903 Area(sq.ft.)

7,507 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	1	4	2.50	No	n/a	n/a	$ 7,000
Unit 2	2	3	2	No	$ 5,380	$ 5,380	$ 8,500
Unit 3	3	2	2	No	$ 3,522	$ 2,868	$ 3,820
3	6	16	13		$ 21,326	$ 19,364	$ 35,460

MLS #:	24-455093
Days On Market:	29
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 444
Price per unit:	$ 658,333
Year Built:	1969

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

1312 19th Street is a multifamily investment opportunity that features six spacious units in the heart of Santa Monica. The property includes an over 2,000SF 4 BD / 2.5 BA townhouse boasting a private gated patio, formal dining area, wet bar, two fireplaces, in-unit laundry ,and a finished basement that may be a part of a potential ADU conversion that may provide additional income. The townhouse is one of three units that will be delivered vacant. It also offers two 3BD/2BA units that are roughly 1,500 SF each and three 2BD/2BA units approximately1,200 SF each. Onsite laundry facilities and six carport spaces further enhance revenue potential. With half of the units delivered vacant this property presents an excellent value-add opportunity, offering significant potential for growth and appreciation for years to come. The enormous 4 bedroom townhouse is perfect for owner occupancy.

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Income Details

Vacancy Rate:	50%
Gross Operating Income:	$ 268,611
Total Annual Expense:	$ 68,865
Net Operating Income:	$ 199,746
Gross Annual Income:	$ 276,872
Cap Rate:	5.06%
Gross Rent Multiplier:	14.34